Daley says the city has already helped 3,000 homeowners avoid foreclosure. One such homeowner praised the help she received Saturday:
"They listened to me. They understood my concerns, and as a result, I got the help that I needed. And I continue to be confident in keeping my home," Doris Taylor said.
"Once a home is foreclosed and the sign goes up there, it affects everybody on the block. Criminal activity all of a sudden takes place, and people wonder how long is that abandoned building going to be there. That is a crisis," said the mayor.
Daley also warned against scams that charge homeowners for phony offers of help.
Also Chicago officials say the city will co-sponsor a "Fix Your Mortgage" event on May 2, in conjunction with Neighborhood Housing Services of Chicago, the MacArthur Foundation and Attorney Guaranty Fund, Inc. The event is scheduled from 9 a.m. to 2 p.m. at the Chicago Police Academy at 1300 W. Jackson Blvd. To register, please visit